INTERNAL AUDIT

BGJC internal audit focuses on strategic, operational and financial risks while ensuring comfort on core systems and processes. We work with to create a shared view of the risk exposures within the institution and of the actions necessary to implement improvements. We adopt a risk-based internal audit methodology that links internal audit to the organization’s overall risk management framework and provides assurance to the board that the risk management processes are managing its risks effectively, in relation to the risk appetite.

• Our Methodology
• Risk Assessment
• Internal Audit Planning
• Individual Audit Assignments

SERVICES OFFERED

• INTERNAL AUDIT TRANSFORMATION

  Providing an independent, objective assurance and consulting activity designed to add value to and improve an organizations operation by conducting audits as per the scope/plans agreed.

• OUTSOURCED INTERNAL AUDIT

  In place of an in-house function, and on a fully commercial basis, we offer a range of solutions, including:

  • Generating the internal audit strategy
  • Assessment of audit needs and audit planning
  • Performing all internal audit work on your behalf
  • Acting as your head of internal audit

• CO-SOURCING

  Co-sourcing with our specialists, to deliver complex internal audit assignments and transfer our knowledge and expertise to in-house internal audit team

STANDARD OPERATING PROCEDURE

A Standard Operating Procedure, or "SOP," is a document containing instructions on how to perform a task. It ensures routine jobs get performed safely in disciplined manner and in compliance with applicable regulations. Standard operating procedures increase the value of a company and demonstrate that the company is "process driven". SOP’s aim to achieve efficiency, quality output and uniformity of performance while reducing miscommunication.

• Our SOP Structure
• Risks in business
• Objectives
• Procedures
• Responsibility
• Processes Covered
• Procurement
• Inventory Management
• Production Planning
• Job work
• Sales and Dispatch
• Fixed Assets
• Capital Spending (CAPEX)
• Accounts & Finance
• Management Information System (MIS)
• Insurance
• Contractor Services
• Statutory Compliances
• HR and Time Office
• Security
• Fire & Safety
• Other industry specific areas.

SERVICES OFFERED

• SOP DEVELOPMENT/VALIDATION
• AUTHORITY LEVEL MATRIX
• ACCOUNTS MANUAL

INTERNAL FINANCIAL CONTROL

As per Section 134 of the Companies Act, 2013, Internal Financial Controls means the policies and procedures adopted by the company for ensuring orderly and efficient conduct of business, including adherence to company's policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records, and timely preparation of reliable financial information.

• Responsibility
  • Management
  • Audit Committee
  • Auditors
  • Independent Directors

• Applicability
  • All listed companies
  • All entities having an audit committee
  • All entities having Independent Directors
  • All entities having:
    • Turnover > 50 crores or
    • Borrowings > 25 crores

• Our Approach
  • Planning the engagement
  • Control Documentation
  • Test and validate controls
    • Test of Design
    • Test of Effectiveness
  • Reporting Management
  • Our Deliverables
    • Process Narratives
    • Risk and Control Matrix
    • Control testing sheets and working papers
    • IFC Report

STANDARD OPERATING PROCEDURE

A Standard Operating Procedure, or "SOP," is a document containing instructions on how to perform a task. It ensures routine jobs get performed safely in disciplined manner and in compliance with applicable regulations. Standard operating procedures increase the value of a company and demonstrate that the company is "process driven". SOP’s aim to achieve efficiency, quality output and uniformity of performance while reducing miscommunication.

• Our SOP Structure
• Risks in business
• Objectives
• Procedures
• Responsibility
• Processes Covered
• Procurement
• Inventory Management
• Production Planning
• Job work
• Sales and Dispatch
• Fixed Assets
• Capital Spending (CAPEX)
• Accounts & Finance
• Management Information System (MIS)
• Insurance
• Contractor Services
• Statutory Compliances
• HR and Time Office
• Security
• Fire & Safety
• Other industry specific areas.

SERVICES OFFERED

• SOP DEVELOPMENT/VALIDATION
• AUTHORITY LEVEL MATRIX
• ACCOUNTS MANUAL

CORPORATE GOVERNANCE

Sound corporate governance structures and practices in place, ensure businesses mitigate risk, safeguard against mismanagement and are able to attract investment and capital—giving them the fuel for growth.
Our approach to governance goes beyond the board of directors and regulatory compliance, encompassing areas such as:

• Board of Directors and Committees
• Legal and Regulatory Framework
• Organizational Hierarchy
• Monitoring and Internal Control
• Transparency and Accountability
• Policies and Procedures

SERVICES OFFERED

ENTERPRISE RISK MANAGEMENT

Enterprise Risk Management (ERM) is an organization-wide approach to the identification, assessment, communication, and management of risk in a cost-effective manner – a holistic approach to managing risk. We focus on following critical areas.

CORPORATE GOVERNANCE READINESS

Corporate Governance Principles as per Securities Exchange Board Of India Listing ( Obligations & Disclosure Requirements) Guidelines 2015 as amended from time to time requires the board of directors, audit committee, senior management, and company secretary / compliance officer to comply with the provisions. Compliance with mandatory requirements is to be reported in the form of a quarterly report and in the annual report of the company.